Southeastern Regional Medical Center
- Assets
- $38.3m
- Revenue
- $24.6m
- Investments
- $0.0
- Employees
- 415
- Location
- Lumberton, NC
- Founding
- 02/2011
- Data as of
- 06/2021
- EIN
- 26-4762805
Organization Overview
Southeastern Regional Medical Center is located in Lumberton, NC. The organization was established in 2011. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Southeastern Regional Medical Center employed 415 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Southeastern Regional Medical Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Southeastern Regional Medical Center generated $24.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $32.9m during the year ending 06/2021. While expenses have increased by 0.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PHYSICIAN SERVICES OPERATES MORE THAN 30 PRIMARY CARE, SPECIALTY AND URGENT CARE CLINICS THROUGHOUT ROBESON, BLADEN, CUMBERLAND AND SCOTLAND COUNTIES, SPECIALIZING IN PROVIDING QUALITY FAMILY OR INTERNAL MEDICINE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHYSICIAN SERVICES HAD IN EXCESS OF 189,489 PATIENT VISITS DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Breitbart Physician | 40 | $923,801 | |
Xiuxian Zhu Physician | 40 | $802,929 | |
Jordan Glaser Physician | 40 | $656,901 | |
Hiten Patel Physician | 40 | $630,329 | |
Ifad Rahman Physician | 40 | $605,930 | |
C Thomas Johnson III Treasurer | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $24,618,776 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,618,776 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,895,954 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,251,787 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,464,173 |
| Advertising and promotion | $0 |
| Office expenses | $86,494 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $366,601 |
| Travel | $5,189 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80,706 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $944,078 |
| Insurance | $6,667 |
| All other expenses | $0 |
| Total functional expenses | $32,938,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,379,658 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,570,272 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,332,363 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,282,293 |
| Accounts payable and accrued expenses | $661,648 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $661,648 |
| Net assets without donor restrictions | $37,620,645 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $38,282,293 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southeastern Regional Medical Center has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Caton Family Charitable Foundation Wilmington, DE PURPOSE: TO SUPPORT EQUIPMENT IN THE HEART CENTER | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Takoma Regional Hospital Inc Johnson City, TN | $67,567,737 | $101,642,721 |
Piedmont Mountainside Hospital Inc Jasper, GA | $64,178,508 | $116,427,064 |
Halifax Regional Medical Center Inc Roanoke Rapids, NC | $82,510,666 | $101,675,102 |
The Outer Bank Hospital Inc Greenville, NC | $114,163,426 | $117,236,071 |
Phoebe Sumter Medical Center Inc Americus, GA | $158,309,975 | $104,741,740 |
Hughston Hospital Inc Columbus, GA | $85,972,460 | $96,015,417 |
Roper St Francis Hospital-Berkeley Inc Ladson, SC | $140,288,245 | $111,471,895 |
Piedmont Walton Hospital Inc Monroe, GA | $55,011,766 | $113,861,474 |
Unc Rockingham Health Care Inc Eden, NC | $39,584,223 | $64,914,459 |
Navicent Health Baldwin Macon, GA | $43,642,825 | $64,021,397 |
Mcleod Health Cheraw Florence, SC | $22,315,957 | $61,438,962 |
Home & Community Services Inc Gray, GA | $20,053,363 | $49,149,203 |